FTAI Aviation

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue was $953.1M vs. $900.4M expected, and GAAP EPS was $1.13 vs. $1.35 mean expectation (though it beat the low-end of $1.22, it was impacted by one-time preferred redemptions). The beat was driven by explosive growth in Aerospace Products, where revenue surged 78.5% YoY to $875.0M, significantly offsetting the managed decline in Aviation Leasing as part of the asset-light transition. Cash from operations of $55.0M (for Q2 specifically) significantly outperformed the $27.0M consensus, reflecting strong working capital management despite high inventory builds.